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Hyundai Motor reassigns 17 top execs to make way for fresh ideas

SEOUL — South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire. The reshuffle, first reported by Reuters on Tuesday and confirmed by Hyundai on Wednesday, is part of preparations for generational change in the executive ranks at South Korea's second-largest family-owned business empire. Group President Albert Biermann, a German former BMW executive, was named head of research and development, replacing longtime executives Yang Woong-chul and Kwon Moon-sik. The move was seen as a significant step to bring in fresh ideas at the Korean-dominated group. In all, 17 top executives were reassigned across the group including at Hyundai Motor Co and Kia Motors Corp — which together form the fifth-biggest automaker in the world. The move follows the promotion of Euisun Chung in September to Hyundai Motor's executive vice chairman, moving him closer to succeeding his 80-year-old father, Mong-Koo Chung, as group chairman. It comes as Hyundai Motor Co battles to reverse falling profits as a result of U.S. recall costs and weak sales in the U.S. and Chinese markets. Hyundai Motor Co shares jumped as much as 9 percent to their highest level since Oct. 10, while shares in affiliates like Hyundai Mobis, Hyundai Wia and Hyundai Glovis also rallied. While the announcement by Hyundai on Tuesday of a major investment in fuel cell production also lifted sentiment, analysts said most of the share price rise could be attributed to the leadership changes. In particular, it signaled that the junior Chung was making progress with his plans to restructure the sprawling group after a previous plan was scrapped due to opposition from U.S. hedge fund Elliott. "The reshuffle signals that the junior Chung is tightening his grip on the conglomerate, a move which raises investors' hopes for change," said Kim Joon-sung, an analyst at Meritz Securities. Ascendance of outsiders In a sign that Chairman Chung's grip may be weakening, one of his closest lieutenants, Hyundai Motor Co Vice Chairman Kim Yong-hwan, was reassigned away from the core automaker and named vice chairman of steelmaking affiliate Hyundai Steel.

2018 Kia Stinger vs. other luxury hatchbacks compared by the numbers

Ten years ago, if you had told us that one of the many new luxury segments to develop would be sedan-style hatchbacks, we'd have said you'd lost your mind. And yet, here we are today with not one, but four cars competing in just such a niche upscale segment: The Kia Stinger, Buick Regal Sportback, BMW 3 Series Gran Turismo and Audi A5. That's just in one size and price bracket. Two of the manufacturers listed here make larger versions of each luxury hatchback. We aren't entirely sure how it happened, but we're not going to complain, because we love the idea of a car with almost no compromise: luxury features, sporty performance, and plenty of practicality. Try Autoblog' s Car Finder to search for your next new vehicle. One of the reasons we're taking a look at these cars right now is that Kia has recently released pricing for its entry in the segment, the Stinger and Stinger GT. Buick wasn't far behind with the Regal Sportback and Regal GS, nor was Audi with the A5 and S5. So it seemed like an appropriate moment to look at the numbers and see which come out ahead or behind, with victors in each category highlighted with bold and underlined text. What we found when comparing these cars' statistics is that each one has a clear area of expertise. For performance, it's hard to beat the four-cylinder Kia Stinger and the V6 Stinger GT. The four-banger has the most horsepower of the four cars, and is just behind on torque. The V6 has the most power and torque among the six-cylinder versions. The Stingers are also the second lightest of the group when equipped with rear-wheel drive, though they fall to third with all-wheel drive. Space is a split between the Buick Regals and BMW 3 Series Gran Turismos. The Buicks have the most cargo space with the rear seats up or folded by a significant margin. The BMW on the other hand generally offers more space for passengers. It's up to you what's most important. Compare these and other potential new vehicle purchases using our tool. When it comes to cost, nothing can beat the four-cylinder Regal's base price of under $26,000. But if a V6 is what you're after, the Stinger GT is the cheapest. Neither matches the Audi A5 and S5 for fuel economy, though. Both Audis have the highest numbers for city, highway, and combined EPA estimates. Related Video:

2020 Kia Forte GT revealed at SEMA adds turbo engine, manual transmission

We figured it was coming soon, but the performance version of the Kia Forte just dropped at SEMA. Named Forte GT, this 2020 model sedan takes the redesigned for 2019 Forte and turns it up a few notches in the fun department. Replacing the naturally aspirated 2.0-liter four-cylinder is a 1.6-liter turbocharged four banger. It makes 201 horsepower and 195 pound-feet of torque, which is identical to the power it makes in the Hyundai Elantra Sport and GT Sport. A "sport-tuned" dual exhaust is added to give the car some aural appeal too. Buyers will be able to choose between a six-speed manual and a seven-speed dual-clutch automatic, also the same as the Elantra. We hope you're noticing a trend here. The torsion bar rear suspension is replaced with a fully independent suspension design, making it that way for all four corners. Thicker sway bars and larger disc brakes are used all around as well. To keep it stuck to the ground, Kia is offering Michelin Pilot Sport summer tires as an option — that's pretty sweet. All of these changes follow the same pattern as the Elantra did when Hyundai introduced the Sport trim for that car. The Hyundai doesn't offer this aggressive of a tire package though. Of course, there are exterior changes here, too. New 18-inch two-tone wheels are exclusive to the GT. A shouty (and questionable) gloss black and red accented grille with GT designation is the most obvious switch-up. There's more gloss black on the mirrors, side sills, rear spoiler and turn signals. Black sport seats with red contrast stitching, a flat-bottom steering wheel and aluminum sport pedals differentiate the interior from the normal Forte trims. Kia is also making a less exciting Forte "GT Line" trim car, which is essentially a GT appearance package. You'll get almost all the go-fast look parts, but the mechanicals are identical to the standard Forte. This means the 2.0-liter, CVT and torsion beam rear go back in. The baby Stinger theme is carried on with this car in its name and even the GT1 and GT2 option packages available for these two new trim levels. Both the packages offer differing levels of Kia's driver assistance technologies, as well as tech like a Harman Kardon audio system and heated/cooled seats. While we can safely say the new Forte is no Stinger, this GT trim is an extremely welcome addition, especially the continued option for a manual transmission. Related video: